News

Charges dealing with securities offences related to brokerage house Osler Inc. which collapsed in 1987 with debts of about $60 million, have been laid by the Ontario Securities Commission (OSC) agains…

Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…

Stratabound Minerals was one of the big winners for the week ended Dec 19 when trading activity slipped into what could only be described as a pre-Christmas holding pattern. When reached for comment, …

Ontex Resources (TSE) didn’t have much good news to report to its shareholders at the company’s annual meeting in Toronto this month. The junior company is cash- strapped and entangled in a 4-year- lo…

A 7-hole infill drill program completed by Spirit Lake Explorations (ME) has returned a high-grading intersection from the company’s Edwards gold property northeast of Wawa, Ont. Hole 101 intersected …

Dr Robert Halet of Milton, Ont., a geologist instrumental in several significant discoveries, died recently. He was 79. Born in Brussels in 1910, he graduated with a B.Sc. in geological engineering fr…

Funding of $50,000 has been made available for studies on road access to the Windy Craggy property in northwestern British Columbia under the federal-provincial Mineral Development Agreement. Situated…

A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…

While the mining industry has long since extricated itself from the 1980 recession, budding engineers still seem leery of the resource roller coaster. At Queen’s University, for example, about 20 mini…

Rayrock Yellowknife Resources (TSE) President David Crombie missed an opportunity recently to take advantage of the hype surrounding Platinova Resources’ (TSE) Greenland gold joint venture with Corona…

In concert with the company’s move away from mining, Energex Minerals (TSE) sold its Al Claims group in the Toodoggone region of northern British Columbia to Cheni Gold Mines (TSE) in exchange for var…

Dick Murray, P.Eng., a district engineer of mines for Ontario for many years, died in Kenora, Ont., Nov 20. Murray joined the Ontario Department of Mines in 1955. For more than 22 years he carried out…